The Suffix -Iatry Means "________ or Specialty

question 78

Short Answer

The suffix -iatry means "________ or specialty."

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Definitions:

Bid-rigging Cartel

A bid-rigging cartel involves a group of firms colluding to manipulate the outcome of a bidding process to ensure a particular member wins, undermining fair competition.

Winning Bid

The highest offer made in an auction that ultimately leads to the purchase of the item or asset up for bidding.

Bidders Values

The individual valuations that bidders assign to the item for auction based on their personal or company interests.

Sealed-Bid

A type of auction or bidding process where all bidders simultaneously submit sealed bids, with no bidder knowing the bid of any other participant.